trending Market Intelligence /marketintelligence/en/news-insights/trending/9E-sO924rRdni4zUxHi71w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

BNDES aims to raise 5B reais of funds from external markets in 2018

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

BNDES aims to raise 5B reais of funds from external markets in 2018

Banco Nacional de Desenvolvimento Econômico e Social aims to raise external funding in 2018 of at least 5 billion Brazilian reais, or the equivalent of around $1.5 billion, according to a Reuters report published in Diário Comércio Indústria & Serviços.

BNDES CEO Paulo Rabello de Castro said the development bank's cash for 2017 is enough and it is now looking ahead to the next few years.

"We are not in a hurry because we are comfortable with the cash, but by 2018 it will certainly depend on the opportunity, but it starts at 5 billion reais," the executive said in an interview. He added that the decision of Banco Central do Brasil to accredit BNDES as a dealer for its open market operations will also favor the bank's own funding with smaller spreads.

As of Aug. 10, BNDES will begin as an intermediator for the central bank's market transactions with public bonds in repo operations.

Castro earlier said that BNDES is looking to raise funds in external markets for its planned credit disbursement next year, which could reach 100 billion reais.

As of Aug. 8, US$1 was equivalent to 3.13 Brazilian reais.